Saturday, December 20, 2014

Things You Have To Know Before Office Sublease Procedure

By Stacey Burt


Usually when you have your own business, you would want to have your own space where you can operate. Most of the owners would leasing a space of their offices. There are several reasons to this choice but the main one would be the cost of building your own office being too costly especially if you are just starting your own business.

But even when you are just leasing, this can still be a very heavy financial burden to bear. So for you to lessen the payments, you can choose to have office sublease Chicago tenants. This is actually the option that most people or business owners have done to decrease their monthly rents.

There is a contract that you signed when you first occupied the place. This will serve as the binding document that will outline all the rules that both parties need to follow. If you read it again, there might be some clause there regarding subleasing the area to other tenants.

If the contract states that it allows for it, you have to check with your landlord about your decision. This is so that you can discuss the underlying terms of having a subtenant with you. If the contract does not allow it, your only hope is to ask the landlord if there is a possibility for it to be changed.

You also need to check the spare space that you have. This is to be sure that you really have enough to accommodate one more. You need to check if the new office would be blocking some of the path ways and the doors. Because if it will be doing this, you need to think about not proceeding. Another reason why people do not wish to go on with this is when the subtenants are already becoming a nuisance to the business.

If you have neighbors, make sure that they know about your decision first hand. They might also be affected and shocked when they see other people using the bathroom. There are also several cases that has sparked disputes because of uninformed neighbors.

One of the most important thing to note is that you should be picking the perfect tenant. It should be like hiring a personnel for your business. You should scrutinize the people who want to apply for the small space. Aside from they are trustworthy, they should also have an idea on the current arrangements and their boundaries.

Your plans for the future of your business might be able to influence this decision as well. If you are planning to expand the soonest possible time, you should offer them a short term contract only. So that you can utilize the remaining space for the additional staff that you will hire once you have expanded.

One of the things that you must not forget to include in the contract as well are the rules that needs to be followed by both offices. Your neighbors can also help you with this. This must be something that you have to follow also. You also need to extend the same restrictions that you are imposing on them to your own office so that there will be fairness.




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